Rte

France

French Power Group EDF Issues New Profit Warning

EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…

LNG

TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment

TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…

LNG

Shell Posts $9.5 Bln Profit, Plans to Boost Dividend

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…

Coal Production

Indonesia’s Pivot Away From Coal Will Require Massive Investments

As the world’s largest coal exporter, Indonesia will play a key role in reducing global emissions, but it needs help to do it.

Natural Gas

Factbox: How Is Germany Replacing Russian Gas?

Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows fro…

Oil Price

Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins

Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…

Natural Gas

Uniper Shuts Down 50% Of Headquarters to Save Gas

German utility Uniper is shutting half the office space in its headquarters and lowering temperatures in areas remaining open to save gas.

Hydrogen Project

Germany Is the Site of the World’s Largest Green Hydrogen Project

Fortescue Future Industries and Tree Energy Solutions have agreed to develop the world’s largest green hydrogen integrated project "to help Europe mitigate its…

Natural Gas

German Government May Have to Inject Another $39 Billion in Energy Giant Uniper

The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper.

Natural Gas

Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption

Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding tha…

Oil&Gas Drilling

Liz Truss Resigns, Becomes the Shortest Serving Prime Minister in History

New UK PM Liz Truss, the former oil economist for Shell, tendered her resignation on Thursday, just days after putting forward a budget that wreaked havoc in th…

Oil Field

Baker Hughes Sees Bright 2023 for U.S. Oil

Baker Hughes Co. reported third-quarter results and posted a loss, compared with a profit last year.

European Renewable PPA Prices up 51% In Third Quarter

Solar PPA prices rose almost twice as much as wind prices, new report suggests.

Coal Price

Whitehaven Coal Output Slumps 23% As Floods Sweep New South Wales

Whitehaven Coal said on Wednesday its first-quarter production dropped by almost a fourth as severe floods in New South Wales locked it out of its key Maules Cr…

Oilfield Services Giants Are Primed to Post Very Strong Earnings

The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectation…